U.S. Senate committee leaders have drafted a $110 billion compromise package for basic science and advanced technology research over the next five years and the creation of a White House “chief manufacturing officer,” according to a copy of 131 pages of draft legislation seen by Reuters on Friday (May 7). The draft shows that U.S. Senate committee leaders have drafted a $110 billion compromise package for basic science and advanced technology research over the next five years and the creation of a White House “chief manufacturing officer” position to counter growing competitive pressure from the Chinese Communist Party.
According to The Financial Post, the White House chief manufacturing officer position was created by Senator Maria Cantwell of Washington, chairman of the Senate Commerce Committee, and Senator Roger Wicker of Mississippi, Republican leader of the Commerce Committee. (D-Wash.), the Republican leader of the Commerce Committee, and Sen. Roger Wicker (R-Miss.), the Republican leader of the Commerce Committee, will debate the amendment in committee on Wednesday.
The bipartisan Endless Frontier Act would authorize $95 billion in funding, most of which would be invested over five years in basic and advanced research, commercialization, and education and training programs in key technology areas including artificial intelligence, semiconductors, quantum computing, advanced communications, biotechnology and advanced energy.
Senate Majority Leader Chuck Schumer, D-N.Y., and Senator Todd Young, R-Indiana, sponsored the bill. The bill would also authorize an additional $10 billion to designate at least 10 regional technology centers and create a supply chain crisis response plan to address issues affecting auto production, such as semiconductor chip shortages.
The amended version of the bill would also create a new “chief manufacturing officer” (Chief manufacturing officer) position approved by the Senate. He would serve in the Office of the President and would head a newly created Office of Manufacturing and Industrial Innovation Policy.
It will also direct the Commerce Department to establish a “supply chain resilience and crisis response program,” including “supply chain resilience in the face of epidemics and biological threats, cyber attacks, extreme weather events, terrorist and geopolitical attacks, major power conflicts and other threats. threats.”
The bill also seeks to strengthen basic research and accelerate innovation to advance extraction strategies and technologies for critical minerals to eliminate “the nation’s dependence on minerals and mineral materials that could lead to supply disruptions.”
The draft bill would also prohibit Chinese companies, without a waiver, from participating in the Manufacturing USA Program. The program is a government and company-led program designed to improve industrial competitiveness, reduce energy consumption and strengthen U.S. national security.
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